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EURUSD dropped below 1.09
Information is not investment advice
Ichimoku Kinko Hyo
CHF/JPY: The CHF/JPY pair is now testing the lower level of the Kumo. If the bears manage to withstand the bulls’ pressure, the currency pair will attempt to retest the previous low. Alternatively, a successful penetration of the cloud will lead the market within the Kumo.
In the equity space markets were in a rollercoaster during the first session of the week, followed by an equally volatile session in the commodity space. European markets saw large intraday-moves, with STOXX 600 starting the session -4% only to recover to -1.1% at the end of the session. On the other side of the Atlantic, US markets slid deeper into red as the session dragged on, with Dow Jones -2.4%, S&P500 ending at -3%, and NASDAQ -3.6%. US futures point lower this morning as well.
In the currency markets USD and JPY gained on a day which was characterised by large moves on commodity and equity markets. EURUSD dropped below 1.09 while USDRUB went north of 140.00.
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